Abstract: In her research Kuznetsova discusses the development of female business in Russia. In particular, she discovers that the index of motivation for starting a business is significantly different for women than for men. Moreover, the main problems preventing women from developing their own business include gender stereotypes, fierce competition with men, fight against stereotypes in the society, high credit interest rate, and absence of business education, knowledge, skills and competences. To write this article, Kuznetsova has reviewed public speeches made by the representatives of international organisations, findings and discoveries of Russian researchers, and her own experience of working with women who conduct small and middle business. There is a support and promotion of women entrepreneurs in Russia. Women become more active and committed to achieving their financial goals. They learn lessons from their mistakes and seek for additional training necessary to run one's own business. In response to the arising need in business education, there are short-term programs that teach business and affordable by female owners of small and medium business.